The economic history of Australia is an understanding of the real history of this country. Starting in 1788 and analysing the events that created the foundation of a great country through to the 1830s , this 'Colonial economy - a retrospective on the colonial economy between 1788 and 1835' makes fascinating reading about the makings of the first settlement, creating manufacturing industry, and the establishment of a series of government-owned business enterprises, that have continued in operation until this modern era. The conclusions drawn about this era of the colonial economy will create long discussions about the true role of the British penal settlement in 1788.